
It’s not the business model I work in insurance analytics. The model works. There’s enough money from the premiums to cover and normal expense. The exception is when something like what happened with the California fires happens and everyone needs to cash in on insurance. Companies just have such a need to scrape profits for shareholder value that the model no longer matters. The model isn’t about covering people anymore it’s now how little people can we cover while collecting the most money.
so privatized heathcare is not protected from the greed of capitalist in the same way that public healthcare slightly is. emphasis on the word “slightly”. it sounds like the business model indeed does not work in the long term, at least for the consumers. it absolutely works, and still does, for the shareholders. wonder what that says about our underlying economic system as a whole?
That’s a great point, and I completely agree, except for the last bit. I know the capitalists will resort to an utter bloodbath in order to preserve their power, but I believe it will happen eventually. everything dies, including ideas, just a matter of time. time is the true currency of the world, and I hope with all my essence that capitalism’s time is running out. I apologize for my misunderstanding of your comment though!